Planning to buy gold, know here where it will be beneficial to invest – Investment Tips: Planning to buy gold, know here where it will be beneficial to invest


Business Desk, Amar Ujala, New Delhi

Published by: Deepak Chaturvedi
Updated Saturday, Nov 06, 2021 03:48 PM IST

Summary

India is the world’s largest gold importer, importing 800 to 900 tons of gold every year. Due to low prices, the demand for gold in India has increased a lot this year.

gold (symbolic image)
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Gold has traditionally been considered a safe investment option in India. Whether it is the festive season or the occasion of weddings, with increasing purchases, the price of gold also begins to rise rapidly. This is the reason why India is the largest gold importing country in the world and 800-900 tonnes of gold are imported each year. Due to low prices, the demand for gold in India has increased a lot this year. In such a situation, if you are planning to invest in gold, then knowing where to invest will benefit you well.

Getting support for the growth of the global economy
The yellow metal is receiving continued support due to the rise in the world economy. Experts say that even if the price of gold has not seen an increase this year, investing in it may turn out to be a profitable business in the near future. This year, gold in MCX is down 15 percent from its all-time high of Rs 56,191 per 10 grams, that is, Rs 8751. The Department of Promotion of Industry and Domestic Trade (DPIIT) has indicated that the outlook for gold in the country remain optimistic. In addition to buying jewelry, you can consider gold ETFs and gold sovereign bonds. Both have advantages over physical gold like higher yield, tax benefits, guaranteed purity, etc.

Buying gold coins is more beneficial
Experts say that if you want to buy gold for investment, it will be beneficial to buy more coins than gold ornaments. This is because jewelers charge 10-15 percent on gold trim. But when you go to sell your gold ornaments, you only get an amount equal to the value of the gold plus the loss of charges. At the same time, when you buy gold coins, you will not be charged anything.

Be wise when investing in digital gold
The trend of investing in digital gold has increased rapidly right now. Many electronic wallets like Paytm, Google Pay, PhonePe offer an option to invest in digital gold for 100 rupees on their platform. But experts and capital markets regulator SEBI have said that if you are looking to invest in digital gold, invest only through a registered investment advisor.

Opportunity to earn interest on gold bonds.
The Reserve Bank of India (RBI) issues gold bonds several times a year. In this, the price of gold is a little lower than the market price most of the time. In addition, it grants an interest of 2.5% on the investment. That is, with the increase in the price of gold, the interest benefit is also given to investors. It has a maturity period of eight years, but can be sold after five years if necessary.

Gold ETFs are the best option for small investments
Gold ETF is a mutual fund scheme. In this, investors can buy units of gold. When investors sell gold, they are paid at the current market price. According to experts, this is a great option for small investors. Investors can make huge profits by investing in long-term gold ETFs.

Expansion

Gold has traditionally been considered a safe investment option in India. Whether it is the festive season or the occasion of weddings, with increasing purchases, the price of gold also begins to rise rapidly. This is the reason why India is the world’s largest gold importing country and 800-900 tonnes of gold are imported every year. Due to low prices, the demand for gold in India has increased a lot this year. In such a situation, if you are planning to invest in gold, then knowing where to invest will benefit you well.

Getting support for the growth of the global economy

The yellow metal is receiving continued support due to the rise in the world economy. Experts say that although the price of gold may not have shown an increase this year, investing in it may turn out to be a profitable business in the near future. This year, gold in MCX is down 15 percent from its all-time high of Rs 56,191 per 10 grams, that is, Rs 8751. The Department of Promotion of Industry and Domestic Trade (DPIIT) has indicated that the outlook for gold in the country remain optimistic. In addition to buying jewelry, you can consider gold ETFs and gold sovereign bonds. Both have advantages over physical gold like higher yield, tax benefits, guaranteed purity, etc.

Buying gold coins is more beneficial

Experts say that if you want to buy gold for investment, it will be beneficial to buy more coins than gold ornaments. This is because jewelers charge 10-15 percent on gold trim. But when you go to sell your gold ornaments, you only get an amount equal to the value of the gold plus the loss of charges. At the same time, when you buy gold coins, you will not be charged anything.

Be wise when investing in digital gold

The trend of investing in digital gold has increased rapidly right now. Many electronic wallets like Paytm, Google Pay, PhonePe offer an option to invest in digital gold for 100 rupees on their platform. But experts and capital markets regulator SEBI have said that if you are looking to invest in digital gold, invest only through a registered investment advisor.

Opportunity to earn interest on gold bonds.

The Reserve Bank of India (RBI) issues gold bonds several times a year. In this, the price of gold is a little lower than the market price most of the time. In addition, it grants an interest of 2.5% on the investment. That is, with the increase in the price of gold, the interest benefit is also given to investors. It has a maturity period of eight years, but can be sold after five years if necessary.

Gold ETFs are the best option for small investments

Gold ETF is a mutual fund scheme. In this, investors can buy units of gold. When investors sell gold, they are paid at the current market price. According to experts, this is a great option for small investors. Investors can make huge profits by investing in long-term gold ETFs.


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